Mar 03
A follower on StockTwits was kind enough to point out how $OCN had rallied sharply after I’d cut my long position. I said it was OK, I’d obeyed my stop. In the past I’ve tried to avoid keeping the charts of recently closed positions on my screen, I’ve always found it easier to move on …
Feb 23
With this week’s volatility and pullback in the market we got stopped on 3 positions: Whole Foods ($WFM) -11.4% Continued to decline on good volume following its post-earnings slump, endangering its longer-term trend. iPath DJ UBS Copper ETF ($JJC) -5.3% Invalidated our rationale closing below the $45 level we cited. It’s returned to the lower range …
Feb 16
Here’s our performance review of stocks since mentioning them here. In order to be as transparent as possible when I blog about a stock during the trading day, for better or worse, I take the next session’s open as my entry for performance measuring purposes. And as always we show losing trades here as well …
Feb 08
Here’s a quick review of all our open positions and their performance since mentioning them here. Eventually I will have a portfolio tab on which I will show the performance in greater detail. I believe in total transparency. Not only will it serve in giving what I say more integrity, but it also acts as …
Feb 06
It’s time for our regular checkup with Dr. Copper, so-called because of his record as a leading indicator of economic health. He’s been down in the dumps for a while now but is showing signs of recovery. Here’s the weekly chart of the iPath Dow Jones UBS Copper ETF ($JJC): It’s dominated by this huge …
Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas. More....
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